Common use of Vacancy where at Least One Month's Notice Clause in Contracts

Vacancy where at Least One Month's Notice. If a vacancy of a Unit occurs following at least one (1) month’s prior notification given by an Eligible Household or occurs by reason of a notice of termination or an eviction served or carried out by the Proponent, the City will pay to the Proponent an amount not exceeding 50% of the Average Market Rent for the month immediately following the vacancy, but shall make no further payments thereafter until it is leased to and occupied by an Eligible Household.

Appears in 5 contracts

Samples: Contribution Agreement, Of Contribution Agreement, Contribution Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.